28 Mittagang RoadCooma NSW 2630
Property Details for 28 Mittagang Rd, Cooma
28 Mittagang Rd, Cooma is a 1 bedroom, 1 bathroom Unit with 14 parking spaces and was built in 1950. The property has a land size of 6123m2 and floor size of 48m2. While the property is not currently for sale or for rent, it was last sold in July 2026. There are other 1 bedroom Unit sold in Cooma in the last 12 months.
Last Listing description (July 2026)
Opportunities of this scale are few and far between. This substantial freehold unit complex, one of the largest in Cooma, is now available and presents a truly unique chance for investors to secure a powerhouse property with strong returns and further potential to unlock.
A testament to clever management and a consistent development, the property has enjoyed a long and successful rental history. Currently comprising 20 units, the complex is income-generating with 16 units leased. With some works, the remaining four units could be brought online to significantly increase returns.
The complex includes:
6 units with scope for refurbishment and rental
A modern 7-bay Colorbond garage block
An older timber 7-bay garage block
Two parking lots
With an annual income currently of just over $269,000pa, this property presents a net 6.4% ROI-with the clear potential to push this figure higher once the remaining units are activated.
Perfectly positioned in Cooma, this property represents a secure, large-scale investment with multiple rental income streams and future growth opportunities.
Property History for 28 Mittagang Rd, Cooma, NSW 2630
- 10 Jul 2026Listed for Sale Guide $3,000,000
- 10 Jul 2026Sold
- 06 Aug 2024Sold for $1
Recent sales nearby
See more recent sales nearby/assets/perm/533w76dveai63m44og7rgxfy4i?signature=4767790f01de8a96ffa996c7f04d68586b0c7eff49c36aa311eafa67574b4f74){kind=logo}
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0About Cooma 2630
The size of Cooma is approximately 97.8 square kilometres. There are 16 parks, covering nearly 4.2% of the total area. The population of Cooma in 2016 was 6681 people. By 2021 the population was 6715 showing a population growth of 0.5% in the area during that time. The predominant age group in Cooma is 30-39 years. Households in Cooma are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cooma work in a professional occupation.In 2021, 67.20% of the homes in Cooma were owner-occupied compared with 64.50% in 2016.
Cooma has 4,032 properties. Over the last 5 years, Houses in Cooma have seen a 51.28% increase in median value, while Units have seen a 126.87% increase. As at 30 June 2026:
- The median value for Houses in Cooma is $566,406 while the median value for Units is $692,927.
- Houses have a median rent of $530 while Units have a median rent of $380.
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